Coachella, CA 92236

$497,000
5
BD
3
BA
2,204
SqFt

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List Price
$497,000
Status
ACTIVE
MLS#
219152134
Year Built
1955
Bedrooms
5
Bathrooms
3
Living Sq. Ft
2,204
Lot Size
7,841
Days on Market
9
Property Type
Multifamily
Stories
1
Neighborhood
Not Applicable

Property Description

INVESTMENT OPPORTUNITY IN COACHELLA! Whether you're an investor looking to add an income-producing property to your portfolio or a first-time buyer looking for a property that can help offset your monthly mortgage, this one offers plenty of possibilities! The property is currently configured with THREE separate living areas. The main unit features 2 bedrooms and 1 bathroom with updated flooring throughout most of the home, along with fresh interior and exterior paint. Attached to the main structure is an additional living area currently configured as a spacious 1-bedroom, 1-bath apartment featuring an oversized bedroom. The separate 2-bedroom, 1-bath unit was updated approximately three years ago and is currently tenant occupied at $1,800 per month, providing immediate rental income from day one. Additional improvements include roof work completed within approximately the past five years on the first unit. With an existing tenant already producing income and additional living areas offering further rental potential, this property presents an excellent opportunity to live in one unit while collecting rent, accommodate extended family, or maximize the property's income-producing potential. Don't miss this unique Coachella investment opportunity! Property is reflected as a DUPLEX in public/title records and is currently configured with three separate living areas. Buyer and buyer's agent to independently verify permits, square footage, unit configuration, zoning, rental potential, and all information with the City of Coachella and appropriate governmental agencies.

Additional Information

Land Lease Type
Fee
Heat
Central
Cooling
Ceiling Fan(s), Central Air, Wall/Window Unit(s)
Parking
Detached Carport, On Street, Driveway
Sewer
Assessments
Water
Water District

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Emerge Home Services.